LKQ Corp

LKQ: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$98.00	Qsvnfb	Xcptgjyb

LKQ Earnings: Shares Plummet After Disappointing Results and Outlook

Krzysztof Smalec

Jul 25, 2024

Narrow-moat-rated LKQ’s second-quarter earnings fell short of expectations, as adjusted EPS of $0.98 came in $0.05 below the FactSet consensus estimate, sending shares down roughly 13% in intraday trading on July 25. We’ve lowered our fair value estimate to $51.50 per share from $53.20, which reflects our lowered revenue growth forecast, partially offset by time value of money. Shares are currently trading nearly 25% below our updated fair value estimate.

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